The pending court hearing notwithstanding, Asset Management Corporation of Nigeria (AMCON) has hinted on plans to withdraw from ownership and operations of embattled Arik Air.
Merchant Express Cargo Limited has pushed back on the alleged fraudulent sale of CRJ 1000 aircraft that was earlier in the operation of Arik Air.The firm described as untrue the allegation by Arik Air stakeholders that fingered one of the Agents ...
The management of Arik Air Limited has refuted media reports that it has misappropriated the sum of N120 billion.
There has been a war of words between the Arik Air management and its shareholders over alleged N120 billion fraud and attendant investigation by the Economic and Financial Crimes Commission (EFCC).
Fresh facts have emerged in the conflict of interest between the shareholders of Arik Air and the Asset Management Corporation of Nigeria (AMCON), with the latter showing evidence of failed attempts to return the airline to its founder.
Crisis rocking the erstwhile biggest airline in West and Central Africa, Arik Air, took another turn this week following the sale of one of its assets – a CRJ 1000 aircraft with registration number 5N-JEE.
Nigerians from all walks of life should applaud The Guardian for its Editorial on May 22, 2023 (page 12). It exposed the shameless abdication of AMCON’s Chief executive, who had no qualms with reducing his role to that of a mere bystander, blaming an organisation’s astronomically dismal performance on everyone else but AMCON itself.
Ousted Chairman of Arik Air, Johnson Arumemi-Ikide, made a failed attempt to reclaim the airline’s headquarters this week, creating a fresh controversy in the battle for the soul of the local carrier.
29 Dec 2022
Airline operators in the country have called for infrastructural upgrades and extension of operating hours at Lagos and Abuja airports, to reduce bottlenecks and under-utlisation of assets in the sector.
26 Oct 2022
Over a month after it acquired two Dash-8 Q400 aircraft to bolster its operations, Aero Contractors is unable to resume scheduled operations over alleged interference by some external factors.
7 Oct 2022
Local airline, Arik Air, is commemorating the eighth anniversary of its frequent flyer programme, Arik Affinity Wings, offering discounted airfares to loyal customers.
5 Sep 2022
With the performances of companies indebted to the Asset Management Corporation of Nigeria (AMCON) falling below par, even as they struggle to find their feet amid endless litigations, the corporation is on the verge of losing the money spent repurchasing toxic assets from troubled banks and other entities.